Editor’s pick
The Essence of Digital Transformation is Data and the Message – Don’t Give Up
Digital transformation is all the rage among financial institutions, but it comes with significant data management challenges and can hit the wall if it is not underpinned with a strong data foundation and the right skills. That said, an audience poll on the status of digital transformation projects run during an A-Team Group webinar this...
Top Blogs
Embracing the Known in FRTB: Why Banks Need to Step Away from the Data Pool and Start with the Familiar
By: Charlie Browne, Head of Market & Risk Data Solutions, GoldenSource. The Fundamental Review of the Trading Book (FRTB) is coming and it has sent firms into a spin around how to get the data required to prove risk factor modellability. It is the first time banks will be obligated to do this, a mammoth...
Three Big Banks Sign on to Operational Risk Data Sharing Platform
In mid-June, Acin – a data standards firm for operational risk and controls – announced that Credit Suisse, Standard Chartered Bank and Société Générale had joined its collaboration community, the Operational Risk Defence Network Model. Their arrival brings the total number of tier one banks working with Acin to 12. The name of the company,...
The Essence of Digital Transformation is Data and the Message – Don’t Give Up
Digital transformation is all the rage among financial institutions, but it comes with significant data management challenges and can hit the wall if it is not underpinned with a strong data foundation and the right skills. That said, an audience poll on the status of digital transformation projects run during an A-Team Group webinar this...
Latest briefs
AxiomSL and Refinitiv Partner on Shareholder Disclosure
AxiomSL has partnered Refinitiv to combine the former’s Global Shareholding Disclosures (GSD) solution with the latter’s reference data. The aim is to enable financial institutions to automatically enrich client positions while managing regulatory obligations across multiple jurisdictions. John Mason, head of pricing and reference data at Refinitiv, says: “Asset managers face challenges in understanding local…
Broadridge Introduces Change Management Service for SFTR
Broadridge Financial Solutions has introduced a change management service to help companies design target operating models that are compliant with Securities Financing Transactions Regulation (SFTR). The service provides a blueprint for front-to-back changes to overall architecture, organisational structure, business processes and location strategy. The company is also offering project management, business analysis and testing support…
Fenergo Enters Taiwanese Market in Tie Up with TUNG-I
Fenergo has entered the Taiwanese market through a partnership with TUNG-I Information Services (TUNG-I), a provider of solutions powered by artificial intelligence (AI) in finance, information security, private cloud implementation and smart retail. As an exclusive client lifecycle management partner (CLM), Fenergo will provide TUNG-I’s current and prospective Taiwanese clients access to Know Your Customer…
Timefolio Asset Management Selects SS&C’s Solutions to Power Operations
Timefolio Asset Management Singapore, a subsidiary of Korea’s Timefolio Asset Management, has selected a combination of SS&C Technologies services to power its operations. The company was looking for a trusted provider that could support investment operations as they grows. Working with SS&C Eze and SS&C GlobeOp also minimises the number of vendors the company works…
SS&C upgrades Advent solutions
SS&C Technologies has released version 19.1 of its Advent portfolio management solutions. The Advent products, acquired in 2015, include Advent Portfolio Exchange (APX), a portfolio accounting and reporting solution that includes a new API for portfolios and token-based authentication capabilities. APX regulatory reporting is also improved. Advent Genesis, a cloud-based rebalancing, portfolio construction and trade…
Fund Administrator Extends StatPro Contract
Another win for StatPro, this time a three-year contract with a top 20 fund administrator for Revolution. The minimum contract value is £2.44 million. The fund administrator currently uses Revolution to provide services to over 30 clients for performance, attribution and risk. This contract extension demonstrates its renewed commitment to Revolution and future expansion of…
Mada Capital Selects Profile’s Axia for Wealth and Fund Management Operations
Profile Software’s Axia has been selected by Mada Capital and Mada Financial Services, subsidiaries of Dubai-based investment firm Primavis Capital, to support wealth and fund management operations. The firm assessed a number of potential solutions on the basis of criteria – including innovative technology, scalability, modern design and breadth of functionality – that were considered…
StatPro Signs €1.2 Million Contract
StatPro, a provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry, has secured a three-year contract, including a significant uplift in annual value, with a EU investment manager for Revolution Delta. The minimum contract value is €1.2 million. The investment manager uses Revolution Delta, StatPro’s flagship fixed income service,…
Fenergo Partners To Build National KYC Utility for Bahrain
The Kingdom of Bahrain plans to improve client onboarding and minimise fraud through a partnership with Fenergo. Bahrain’s Electronic Network for Financial Transactions is working with Fenergo to implement a national KYC utility. The solution verifies customer identity via biometric identity and verification technology that links to Bahrain’s national identity card data before connecting to…
Oktris Offers MiFID II Transparency Reporting Services
Start-up regulatory reporting firm Oktris is offering MiFID II services beyond transaction and post-trade reporting with software-as-a-service solutions covering transparency calculation data reporting, instrument reference data reporting, and best execution reporting. The company also provides an ESMA and FCA Financial Instruments Reference Data System (FIRDS) solution that automates the task of taking large datasets from…
Accuity Adds AI to Financial Crime Compliance Screening
Accuity has introduced an AI-driven account screening capability, Firco Automated Alert Reduction, aimed to increase accuracy in detecting and evaluating screening matches during Know Your Customer (KYC) processes. The solution results from Accuity’s acquisition of Safe Banking Systems in July 2018 and has been optimised through integration with WorldCompliance data. Rather than leaning on manual…
Saxo Bank and Brown Advisory Cooperate to Offer Ethical Stocks to SaxoSelect Clients
Saxo Bank, a fintech focused on multi-asset trading and investment, and Brown Advisory, a global investment manager with a history in sustainable investing, have cooperated to add a digital investment portfolio, Ethical Selection, to the SaxoSelect universe. The portfolio offers a cost-effective way to invest in a sustainable, all-cap, 30-40 stock portfolio comprising US listed…
Regional Banks Join KY3P Initiative Aimed at Standardising Vendor Due Diligence
A group of 12 regional banks has invested in KY3P, a company working with the financial industry to minimise the burden of responding to duplicative due diligence requests from financial institutions. The group adds to existing design partners Barclays, Goldman Sachs, HSBC, Morgan Stanley and UBS. KY3P was initiated by IHS Markit in 2015 and…
SEB Selects DTCC Global Trade Repository for SFTR reporting
Skandinaviska Enskilda Banken (SEB) has selected DTCC’s Global Trade Repository (GTR) service to meet its obligations under the Securities Financing Transactions Regulation (SFTR), which is expected to apply from April 2020. To streamline client adoption of the service, DTCC recently added data transformation services to its SFTR offering, providing a one-stop shop for clients’ reporting…
MiFIR Data in a No-Deal Brexit World – Learn More at the DMI Summit 2019
The impact of a no-deal Brexit on data requirements under MiFIR is becoming clearer – and the implications are serious. While the L1 and L2 level MiFIR regulations will remain largely unchanged, the MiFIR data reporting landscape across the EU after a no-deal Brexit will change significantly in operational terms. Mateusz Hojda of the Business Reporting –…
Latest people
Financial Machineries Makes Three Strategic Appointments
Financial Machineries, a provider of data lineage, sourcing, digital rights management and commercialisation of contributed market data, has appointed Keiren Harris, Frank Verstraeten and Daniel Muri to its team. They bring industry experience, regional insight, and networks of professional contacts from across APAC and continental Europe to the company, which is accelerating its ambition to…
GoldenSource Names Ramesh Pulandaran as Head of Sales for Asia-Pacific
GoldenSource has named Ramesh Pulandaran as head of sales for Asia-Pacific reporting to managing director of global sales and client operations Neill Vanlint. Pulandaran is based in Singapore and will help GoldenSource grow its customer base in the Asia-Pacific region. Pulandaran has more than 18 years of experience in financial services, including stints at SunGard…
Confluence Names Joe Bree as Senior Global Strategic Account Executive
Confluence, a provider of investment data management automation for regulatory, financial and investor reporting, has named Joe Bree as senior global strategic account executive. He has responsibility for expanding Confluence’s global relationships with fund and asset management clients, as well as other service providers and intermediaries. He will also work with the broader Confluence sales…
Fenergo Hires James Follette as Global Head of Commercial and Retail Banking
Following its recent expansion into the commercial and retail baning space, client lifecycle management solutions provider has appointed James Follette as its new Global Head of Commercial and Retail Banking. Follette was formerly responsible for client onboarding and know your customer (KYC) transformation at Citi.
Refinitiv Names Sherry Madera as Global Head of Industry and Government Affairs
Refinitiv has named Sherry Madera as global head of industry and government affairs with a view to enhancing its engagement across government, policy initiatives, industry trends and regulatory developments. Madera joins Refinitiv from the City of London Corporation and has over 20 years’ experience across both the public and private sectors, including corporate finance, banking,…
RegTek.Solutions Hires ex-IHS Markit Exec Chris Cornish to Strengthen SFTR team
RegTek.Solutions has hired Chris Cornish as a consultant business analyst based in London. He joins from IHS Markit where he was a senior business analyst and a Securities Financing Transaction Regulation (SFTR) specialist. He was previously at ICBC Standard Bank, where he worked on SFTR implementation. At RegTek.Solutions, Cornish will focus on Validate.Trade, a product…
Accuity Promotes David Wilson to Role of MD and CEO
Accuity has promoted David Wilson to the role of managing director and CEO with responsibility to deliver innovative solutions for payments, risk and compliance, develop strategic partnerships, and deliver high quality client service. He steps up to the role after 18 months as chief operating officer (COO) at the provider of financial crime compliance, payments…
GLEIF Seeks Applicants to Join Board of Directors
The GLEIF is calling for applications from C-suite level executives in the UK, Switzerland, China and India to join its board of directors. New board members will be appointed in June 2019 in line with the mandatary rotation of members of the board and to ensure the right balance of jurisdictional and skill representation. Details…
Fintech Advisor Amar Rajani Joins VTFinTech Board
VTFinTech, a provider of index management and research evaluation services, has named Amar Rajani as a member of its board with immediate effect. Rajani is the founder and managing director of Argella, an advisory firm specialising in fintech and with specialist knowledge in research, data and analytics. Prior to founding Argella, Rajani spent 17 years…
FSB Names US Federal Reserve’s Randal K Quarles as Chair
Mark Carney will step down from the role of chair at the Financial Stability Board (FSB) at the end of this month, making way for Randal K Quarles, governor and vice chairman for supervision at the US Federal Reserve, to take the chair for a three-year term running from December 2, 2018 to December 1,…
FCA Seeks New Director of Innovation
The UK’s Financial Conduct Authority is on the hunt for a new Director of Innovation to head up its newly created Innovation Division. The role will have responsibility for driving the FCA’s engagement with technological innovation within the financial services industry while developing, new, innovative and data-led ways of regulating. “This role will have a…
LSE Group Names Tom Dunlap as CDO of Information Services Division
London Stock Exchange Group (LSEG) has named Tom Dunlap as chief data officer (CDO) of its Information Services Division, which includes global index provider FTSE Russell. The role is new and gives Dunlap responsibility for developing and leading the division’s global data strategy, overseeing a global team across multiple sites, engaging with key global clients,…
Dale Richards Joins Zelig Associates as Senior Advisor
Zelig Associates, a boutique investment bank specialising in fintech, has named Dale Richards as senior advisor. Richards will be based in Toronto and support the team globally. Richards has over 30 years’ experience in fintech, data and analytics as a senior executive, investor and consultant. His appointment will strengthen Zelig’s global reach and domain expertise…
Moody’s Names Former Oppenheimer Funds IT Lead Mona Breed as CIO
Moody’s has named industry veteran Mona Breed as chief information officer (CIO) with effect from October 15, 2018. Breed succeeds Tony Stoupas, who has led Moody’s IT organisation as CIO since 2010 and will remain with the company until the end of 2018. As CIO, Breed will lead Moody’s global technology infrastructure and programmes, and…
Featured
FEATURED WEBINAR
Upcoming Webinar: Senior Managers and Certification Regime (SMCR) – challenge or opportunity?
Date: 11 July 2019 Time: 10:00am ET / 3:00pm London / 4:00pm CET. Are you ready to meet the requirements of the Senior Managers and Certification Regime (SMCR) when it comes into force for all firms authorised by the Financial Conduct Authority (FCA) in December 2019? Have you allocated all your staff to one of…
FEATURED EVENT
RegTech Summit London
Now in its 3rd year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.
FEATURED GUIDE
RegTech Suppliers Guide 2019
Welcome to our brand new RegTech Suppliers Guide. This unique guide provides detailed data profiles on close to 100 suppliers in the RegTech world, offering you an unrivalled selection of solutions for your most pressing financial regulatory challenges. The aim of the A-Team’s RegTech Suppliers Guide is to steer you through this complex marketplace, offering…
Top White Papers
Applying Emerging Technologies to Real-World Business Challenge in Financial Services
Today’s world of technology is evolving at lightning speed for financial services firms. Terms like artificial intelligence (AI), machine learning (ML) and distributed ledger technology (DLT) bandied about, technology conversations seem to be all about hype. The reality is that financial services firms need to understand the impact that these new technologies could have and...
Systematic Internalisation Under MiFID II: What’s Needed Now
From September 1, 2018, firms within the scope of MiFID II that breach volume thresholds set by ESMA on August 1, 2018 for internal matching of client orders will be required to register as systematic internalisers (SIs) and operate within the SI regime detailed in the regulation. Sounds pretty straightforward, but that is far from...
Embracing Client Behavioural Analysis for Improved Business Outcomes in Fund and Wealth Management
Emerging innovative technologies are presenting financial institutions with a unique opportunity to better understand the needs of their clients and cross-/up-sell accordingly. Tapping into new data sets and advanced data management techniques, financial institutions are starting to perform the kind of client behavioural analysis common in other industries. Retail financial institutions like fund managers are...
Events and webinars
Breakfast Briefing: Meeting the Data Requirements of FRTB London
The Fundamental Review of the Trading Book (FRTB) Breakfast Briefing, will examine how the capital markets industry is approaching FRTB data management and will look at the implications for the ways that firms source, manage and store data for FRTB compliance.
Find out moreData Management Summit London
Now in its 8th year, the Data Management Summit (DMS) in London explores the shift to the new world where data is redefining the operating model and firms are seeking to unlock value via data transformation projects for enterprise gain and competitive edge.
Find out moreRegTech Summit New York City
Now in its 3rd year, the RegTech Summit in NYC explores how the North American financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.
Find out moreTop Knowledge Hub picks
Data Lineage
Data lineage traces data from source to destination, noting every move the data makes and taking into account any changes to the data during its journey for full traceability. It is critical to regulatory compliance and offers numerous business and operational benefits. Read all about what it is, who it impacts, what the challenges and potential solutions are, as well as review our latest content on the topic and a list of solutions providers.
Awards
Data Management Insight Awards
Our Data Management Insight Awards applaud those hard-working vendors delivering data management solutions to the financial industry. Find out how to vote, enter or see the past winners.
Most commented on